Funding arb · Price arb /

BABY

all BABY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BingX−0.008%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1651.649% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.257%−$26 on $10k

Price spread, last 7 days−0.043%−$4 · spread now −0.008%, 7d avg +0.024%

Together, before fees−0.299%−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BABY-USDT	0.01250	0.0100	pay 0.0050% / 4h	1h 30m	—	$6.5M	—
Short	Bybit BABYUSDT	0.01250	0.0100	get 0.0050% / 4h	1h 30m	$805K	$720K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.024%: −$3.22
Slippage, 4 orders: −$143.87
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$168.09
Costs to cover: 1.649%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 5 min ago	12.05 bp	31.3 bp −$31	140.5 bp −$1,405	695.0 bp −$69.5K	doesn't fit
Sell Bybit live order book, 29 min ago	3.61 bp	50.0 bp −$50	250.3 bp −$2,503	doesn't fit	doesn't fit

BABY on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BABY	+0.0100%	1h	0.01250	−0.024%	$126K	$91K	3x	as long as short
Aster BABYUSDT	+0.0100%	4h	0.01250	+0.027%	$6K	$9K	5x	as long as short
Binance BABYUSDT	+0.0100%	4h	0.01250	−0.019%	$3.3M	$4.0M	50x	as long as short
Bybit BABYUSDTshort	+0.0100%	4h	0.01250	−0.008%	$805K	$720K	25x
OKX BABY-USDT-SWAP	+0.0100%	4h	0.01249	−0.080%	$374K	$528K	10x	as long as short
Gate BABY_USDT	+0.0100%	4h	0.01249	−0.080%	$143K	$91K	50x	as long as short
MEXC BABY_USDT	+0.0100%	4h	0.01249	−0.080%	$1.2M	$136K	20x	as long as short
KuCoin BABYUSDTM	+0.0100%	4h	0.01249	−0.080%	$467K	$64K	30x	as long as short
Bitget BABYUSDT	+0.0100%	4h	0.01249	−0.080%	$529K	$163K	50x	as long as short
BingX BABY-USDTlong	+0.0100%	4h	0.01250	long leg	—	$6.5M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BABY-USD	+0.0104%	1h	0.01250	−0.004%	$5K	$225K	5x	as long as short
BloFin BABY-USDT	+0.0142%	4h	0.01249	−0.080%	$265K	$25K	50x	as long as short